Friday newspaper round-up: Baltic Dry Index, BT Group, Unilever
21st Jan 2022 06:43
(Sharecast News) - In times of market dislocation, it rises sharply to reflect the difficulties in transporting goods - and during the pandemic it has done little else but rise, peaking at more than 5,700. [...] That peak in the Baltic Dry Index was hit on October 7. Since then, the index has fallen sharply, halving within a month. Though it jumped in the run-up to Christmas, it has dropped back again since. Yesterday it fell further, its tenth consecutive daily decline, to 1,570. To put that in context, that puts the index back only to February 2021 levels but not completely out of kilter with the average over the past decade. - The Times
Read moreUnilever won't lift £50bn offer for GSK consumer health arm
19th Jan 2022 16:45
(Sharecast News) - Unilever will not be increasing its offer for GlaxoSmithKline's consumer healthcare business.
Read moreSocGen upgrades Unilever to 'buy'
19th Jan 2022 13:51
(Sharecast News) - Societe Generale upgraded Unilever on Wednesday to 'buy' from 'sell' and lifted the price target, citing the company's new strategy and a projected 12-month total shareholder return of 20.5%.
Read moreBoA stays 'neutral' on Unilever, says upside and downside risks 'well balanced'
17th Jan 2022 13:15
(Sharecast News) - Analysts at Bank of America reiterated their 'neutral' recommendation for shares of Unilever following news at the weekend that it had made three bids for GlaxoSmithKline's consumer health business, telling clients they belived that upside and downside risks to the share price were "well balanced" at current levels.
Read moreUnilever says GSK consumer arm 'strategic fit', flags restructure
17th Jan 2022 07:22
(Sharecast News) - Unilever on Monday maintained it was still keen to buy GSK's consumer healthcare arm, calling it a "strong strategic fit", despite having its latest £50bn offer rejected as it also flagged a restructure of the group later this month.
Read moreUnilever to sell global tea business to CVC Capital for €4.5bn
18th Nov 2021 16:36
(Sharecast News) - Unilever has agreed to sell its global tea business, ekaterra, to private equity firm CVC Capital Partners for €4.5bn.
Read moreUnilever nearing deal to sell tea business to CVC Capital - report
18th Nov 2021 13:35
(Sharecast News) - Private equity firm CVC Capital Partners is reportedly close to buying Unilever's tea business, which includes the Lipton and PG Tips brands.
Read moreUBS stays at sell on Unilever, cites concern about 'deterioration' of market share
22nd Oct 2021 13:39
(Sharecast News) - Analysts at UBS reiterated their 'sell' recommendation on shares of Unilever, expressing to clients their concern over the "quality" of the company's margins in the back half of the year, which they said implied a "substantial" reduction in its marketing spend.
Read moreUK retailers want human rights law to protect supply chain workers
22nd Oct 2021 10:23
(Sharecast News) - More than 35 retailers, manufacturers and investors including Tesco, John Lewis, Primark, Asos and Unilever have called on the UK government to introduce a legal requirement for companies to carry out human rights and environmental checks on their global supply chains.
Read moreUnilever Q3 sales beat forecasts, warns inflation will continue next year
21st Oct 2021 07:03
(Sharecast News) - Unilever on Thursday reported higher-than-expected third quarter underlying sales growth, as it hiked prices in response to cost inflation.
Read moreAdvent, GIC said to consider £4bn bid for Unilever tea brands
13th Sep 2021 15:00
(Sharecast News) - Private equity firm Advent International has reportedly teamed up with Singapore's Government Investment Corporation (GIC) to put forward a £4bn offer for PG Tips and Unilever's other tea brands.
Read moreFriday broker round-up
23rd Jul 2021 12:47
(Sharecast News) - AJ Bell: Barclays keeps at 'overweight' but ups target price from 360.0p to 380.0p.
Read moreUnilever Q2 sales beat estimates, but costs bite into margins
22nd Jul 2021 07:01
(Sharecast News) - Consumer goods conglomerate Unilever reported higher-than-expected underlying sales growth for the second quarter but cut full-year operating margin forecasts due to rising costs.
Read moreThursday preview: ECB, Unilever in focus
21st Jul 2021 12:04
(Sharecast News) - All eyes on Thursday will be on the European Central Bank's policy meeting, its first following the conclusion of its multiannual strategy review.
Read moreWednesday broker round-up
16th Jun 2021 12:50
(Sharecast News) - Pets At Home: Berenberg reiterates buy with a target price of 540p.
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